Institutional investment, fast-growing Southern Yellow Pine and advanced sawmill technology are positioning the Southeast as a steady supplier for engineered structural products.

Price for wood pellets exported from Indonesia gained 4%.

Price for wood chips exported from Indonesia expanded 15%.

Single-family spending increased 1.4% in April while remodeling rose 0.4% and remained 7.5% higher year-on-year.

Exports of MDF panels from Turkey gained 1.1%.

China's construction crisis and higher logistics costs have cut shipments, while Russia's downgraded economic outlook limits domestic absorption of growing supply.

Compared with the previous month, production was down 7%.

Timber price declines may ease costs only with a lag and further closures are likely if the market doesn't improve.

The first compact store opened in Limoges at 3,000 m² and a second will open in Le Mans; the format offers more than a quarter of the IKEA range for immediate pick-up and will be located mainly in retail parks.

The official manufacturing purchasing managers index stood at 50.0 in May, down 0.3 points from April, while the composite PMI output index rose to 50.5.

State Farm, Allstate, Liberty Mutual, USAA and Farmers increase zero-payout claims from 36% a decade earlier.

Price for wood chips imported to Japan rose 4%.

Work at the dissolving wood pulp mill will replace pressure parts in the MgO1 recovery boiler that uses magnesium closed-loop recovery technology.

Price for logs imported to Japan lost 11%.

Price for wood furniture imported to Japan upped 2%.

The Normandy site will separate acceptable material, coarse material, and foreign material to reduce stones, seeds, and minerals that have raised saw wear and caused coating stains.